Aviation: Trippe's Big Bid

Since the early 1940s, Juan Terry Trippe, 63, go-getting president of
Pan American World Airways, has preached the gospel of the
"chosen instrument"the idea that U.S. airlines can
profitably compete against subsidized foreign airlines
only if Washington designates a single U.S. airline to operate
overseas. Naturally he assumed that the chosen instrument would be
built upon Pan Am. And since administrations in Washington have never
followed his advice, Juan Trippe last week set out on his own to
realize this ambition.